IntelligentCross ASPEN ATS Displays Best Prices Ahead of Major Exchanges
IntelligentCross ASPEN ATS was ranked the #2 venue in setting the best price in US equities, outperforming most US equities exchanges, says Exegy, a leading market data firm
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STAMFORD, Conn., May 4, 2021 /PRNewswire/ Imperative Execution, Inc. today announced that the IntelligentCross ASPEN ATS, one of its AI-powered equity trading venues, was ranked #2 in the frequency of setting the best price in the US equities market when compared to most US equities exchanges, according to Exegy, a leading market data firm that distributes prices to brokers and traders.
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STAMFORD, Conn., Feb. 16, 2021 /PRNewswire/ Imperative Execution, Inc. today reported that IntelligentCross, its AI-powered equity trading venue, posted a record high total of shares ordered in January of 546 billion across 9,717 securities.
The IntelligentCross ASPEN displayed liquidity improved on the NBBO quote an average of 8.5 million times per day on orders received in January. The average improvement in those cases was 29% of the spread in the NBBO.
About Imperative Execution, Inc.
Imperative Execution, Inc. is a financial technology company that builds trading venues that optimize execution performance. It is a pioneer in using AI in market design and order matching. Founded by former traders, Imperative Execution, Inc. is the parent company of Intelligent Cross LLC, which operates the IntelligentCross US Equities ATS, that uses AI to minimize market impact. To learn more, visit
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Roman Ginis, founder and chief executive of Imperative Execution, expects IntelligentCross, its equity trading venue powered by artificial intelligence, to break into the top five for volumes on alternative trading systems in the first half of this year.
IntelligentCross was ranked 21 at the start of 2020 and had reached number nine for ATS volumes as at 11 January 2012, according to Finra.
Roman Ginis, Imperative Execution
Ginis told Markets Media: “We fully expect the reach the top five in the first half of this year given our growth rate and the number of brokers signing up.”
He continued that IntelligentCross ATS was launched in 2018 to focus on execution performance and is the industry’s first smart venue to use artificial intelligence to match orders in order to minimize market impact and adverse selection.
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STAMFORD, Conn., Dec. 16, 2020 /PRNewswire/ Imperative Execution, Inc. today announced that IntelligentCross, its AI-powered equity trading venue, offers better displayed prices than the exchanges nearly 7 million times per day, offering an average price improvement of 30% of the publicly available spread, according to Exegy, independent market data firm and a recognized thought leader in market data and predictive signals.
For example, the spread for Tesla, Inc. on IntelligentCross at those times is 32% better on average than the best price available on the exchanges. The superior quotes on IntelligentCross are due to our AI innovation in matching buyers and sellers close to fair value, said Roman Ginis, founder and CEO of Imperative Execution. We are pleased that Exegy, which distributes our prices to major U.S. brokers, has just independently analyzed our price data and reports significant improvement versus exchange quotes.
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Providing seamless clearing and settlement services for fast-growing, performance-focused ATS
NEW YORK, NY, December 16, 2020– Instinet Incorporated today announced the firm has been appointed Clearing Agent for IntelligentCross, an AI-powered ATS equity trading platform that has seen strong growth since its 2018 launch by Imperative Execution. Instinet will support the day-to-day execution process by clearing and settling trades on IntelligentCross.
Luke Mauro, Instinet
Luke Mauro, Global Head of Operations for Instinet, said, “We are excited to be named Clearing Agent for IntelligentCross, an ATS known for its innovative approach. Our goal is to bring our long-term expertise in middle- and back-office processes, unparalleled network of broker connections, and our advanced technology and scale to bear so as to add value. This arrangement should enable IntelligentCross to continue focusing on their award-winning matching and execution technology, while in